Indian Rupee Advances To 5-day High Against Dollar
July 20 2020 - 3:53AM
RTTF2
The Indian rupee climbed against the U.S. dollar in evening
deals on Monday, as regional shares rose after strong earnings
results from the HDFC Bank and as the Union Health Ministry said
that India's Covid-19 fatality rate is progressively falling.
The benchmark S&P BSE Sensex jumped 398.85 points, or 1.08
percent, to 37,418.99, driven by gains in financial and IT shares.
The broader NSE Nifty index ended up 120.50 points, or 1.11
percent, at 11,022.20.
The Indian rupee rose to a 5-day high of 74.58 against the
dollar from last week's closing value of 74.75. The rupee is likely
to face resistance around the 72.00 region, if it gains again.
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